Guideline Value for KANNAGURU NAGAR

Kannaguru Nagar guideline value

The current guideline value of Kannaguru Nagar is Rs 275 per sq.ft, effective from 1 July 2024. This street is located in Polambakkam village under the Madurandakam SRO, classified as Mixed Type - I land.

How the guideline value of Kannaguru Nagar has changed

The guideline value for Kannaguru Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 275 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 275 per sq.ft. The 2017 revision marked a significant change, lowering the value to Rs 184 per sq.ft, which was a decrease of 33% from the 2012 figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%, bringing it back to Rs 275 per sq.ft in 2023. The current revision in 2024 has not changed the value, as it remains at Rs 275 per sq.ft, resulting in an overall change of 0% from 2012 to 2024.

Guideline values in Polambakkam

In Polambakkam, there are 14 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Kannaguru Nagar is above this median.

• Greenary Farms: Rs 400 per sq.ft (2024)
• M.M.Nagar: Rs 150 per sq.ft (2024)
• Priya Garden: Rs 275 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 103 per sq.ft (2024)
• Sri Jaya Avenue: Rs 275 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Kannaguru Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, and the registration fee at 2% would be Rs 5,500, leading to a total of Rs 24,750. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannaguru Nagar?

The Sub Registrar Office that covers Kannaguru Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Polambakkam

The guideline value is a crucial factor in property transactions in Polambakkam. It determines the amount of stamp duty and registration fees that buyers and sellers must pay when registering a property. This value is set by the government and reflects the minimum price at which properties can be registered.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kannaguru Nagar?

The current guideline value of Kannaguru Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 275 per sq.ft since 2012, with a decrease to Rs 184 per sq.ft in 2017 and an increase back to Rs 275 per sq.ft in 2023. The value has not changed in the 2024 revision.

What are the other streets in Polambakkam and their guideline values?

Other streets in Polambakkam include Greenary Farms at Rs 400 per sq.ft, M.M.Nagar at Rs 150 per sq.ft, and Priya Garden at Rs 275 per sq.ft, among others. The guideline values range from Rs 100 to Rs 400 per sq.ft.

What are the stamp duty and registration fees for a property in Kannaguru Nagar?

For a property valued at Rs 2,75,000, the stamp duty would be Rs 19,250 and the registration fee would be Rs 5,500, totaling Rs 24,750. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kannaguru Nagar located?

The Sub Registrar Office for Kannaguru Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.